Welcome back, GoldBuzzers.

Many of you received an email from me yesterday morning announcing that GoldBuzz INSIDER is open. That email was meant only for the founding member waitlist, but human error with my newsletter platform meant it went to the full GoldBuzz list instead.

Apologies if it confused you. The launch itself is real, and the founding member discount is now open to anyone through midnight Eastern on Sunday May 3.

A good number of founding members joined yesterday and I really appreciate the feedback already received from some of you. I've added some of your comments to the upgrade page if you'd like to read them.

Today's Sunday feature is what I'd been planning to send anyway: the full story behind INSIDER, why I'm releasing it now, and what the system has done over six years of testing. If you read yesterday's email, this expands on every part of it. If you didn't, this is the proper introduction.

First, the week's news. 

Let’s get into it. 👇

Gold attempted a recovery on Friday, pushing back into the $4,710-$4,720 range after dipping below $4,700 earlier in the week. Silver climbed toward $76 but couldn't hold it, finishing below that level. The bounce came on reports that Iran's Foreign Minister Araghchi was heading to Islamabad Friday evening, with Pakistani sources flagging a "high likelihood of a breakthrough" in US-Iran talks.

Trump's take? He wants a "great deal" but is "not in a rush." On the week, gold still lost around 3% and silver got hit harder, dropping close to 7%. The Strait of Hormuz remains closed, Brent crude is sitting between $105-$106, and the inflation pressure from elevated energy prices is keeping rate hike fears alive. That combination is rough for metals that don't pay a yield.

The one genuine highlight this week came from the miners. Newmont dropped incredible Q1 numbers on Thursday - $3.1 billion in record free cash flow, revenue of $7.3 billion (beating estimates by 12%), and a fresh $6 billion buyback authorization on top of the $6 billion they've already executed. NEM jumped 5.9% on Friday.

The big question heading into next week is whether the Fed meeting on April 29th and Q1 GDP data on April 30th give the metals any breathing room.

Ultimately, bull markets don't care about headlines in the long run. But headlines are exactly the thing that shakes less-prepared investors out just before the next move. Which brings me to today's feature.

Let's address the obvious first.

Gold is 13% off its all-time high from late January. Silver is off 35%. The miners have been hammered. And I'm opening the doors to a paid precious metals investment service.

That looks like a contradiction. It isn't. This is the exact moment when the case for INSIDER is strongest, because everything the system is designed to do is visible right now, playing out on subscribers' screens this week.

Let me show you.

This Is What a Mid-Cycle Correction Looks Like

Every major precious metals bull market has had corrections deep enough to make people question the whole thesis. Every one of them resolved higher.

Go back to 2008. I remember it well as I was just starting to buy physical gold and silver for the first time. Gold had run up to around $1,000 by mid-March of that year. Then the financial crisis hit and it sold off to a low of $680 by October, a drawdown of over 30%. Silver had it worse. It had reached more than $21 by March 2008 and then crashed all the way to $8.42 in October, a 60% drawdown.

A lot of people decided the precious metals story was over. It wasn't. By September 2011, gold hit $1,921 and silver hit $49. Many of the juniors that survived returned 10-20x or more.

The investors who held through 2008 made generational money. The ones who panicked out near the lows didn't.

As that bull market topped out in late 2011, many investors kept holding and watched their life-changing returns disappear over the next several years. A lot of gold stocks eventually fell 80% or more from their highs. Living through that taught me something the 2008 crash didn't. I never wanted to trade another precious metals bull without a systematic framework for when to be in and when to step aside.

We're currently 13% off the gold high and 35% off the silver high. That's uncomfortable, but it's half the drawdown that happened in 2008, inside what turned out to be the greatest precious metals bull run in a generation.

In the original Theseus research project, I found that major precious metals bull markets never run in a straight line - they run in cycles. Corrections are normal - in fact they’re essential to rebuild energy for the next leg up. What matters is having a framework that keeps you on the right side of the major moves and out of the worst drawdowns.

That’s exactly what INSIDER was built to do.

What the System Is Doing Right Now

Every morning before market open, INSIDER publishes updated signals for five markets: Gold, Silver, Gold Miners, Silver Miners and Bitcoin. Each market gets two signals, Min Risk and Max Return. Bullish means you’re invested in the market. Bearish means you’re in cash.

Here's what the dashboard looks like.

A few things currently stand out.

Gold Miners is where the split is. Min Risk turned bearish almost seven weeks ago - and is currently sitting in cash - waiting to re-enter. Over that period, GDX (the biggest gold mining ETF) has fallen 10%. Our beta testers who are following Min Risk have sat the decline out. Max Return runs a higher-volatility profile and has stayed long, compounding 184.3% in returns over the past 24 months.

This is the system working exactly as built. Two signals, two risk profiles, one framework. If you value drawdown protection, Min Risk tells you when to step aside. If you want maximum upside, Max Return tells you when to stay long through much of the noise. Subscribers pick the variant that matches how they invest. Some may follow both.

Silver Miners is in the same posture. Min Risk bearish since March. Max Return still long, still riding a trade opened in March 2024 and up 214.8%.

Bitcoin is the one that might be most familiar as it featured in a recent article. Both systems turned bearish on August 24, 2025, with Bitcoin around $114,000. 245 days later, both are still bearish. Bitcoin hit a low near $65,000 in early 2026, a 43% decline from the signal trigger, before recovering to $78,000 today, which leaves it 31% below where the systems turned cautious. Our testers have been out of Bitcoin that entire time.

When I say the system is working in real time, this is what I mean. It isn't a backtest. It isn't a marketing claim. It's what users see on their screens every morning.

A Quick Recap, for New Readers

If you've only joined GoldBuzz recently, here's the short version.

INSIDER is based on four years of research into precious metals prices. I started the work in 2020 with a professional statistician and a database guru. We analyzed over 50 years of precious metals price data and tested more than 131,000 indicator combinations to find systematic strategies that consistently beat buy-and-hold in this sector. The project was called Theseus. A public summary is at theseusgold.com.

The findings from the original research have produced three things. First, the signals I just showed you. Second, rankings for over 230 mining companies across majors, producers, juniors, royalty companies and ETFs, scored daily on how consistently each one outperforms its benchmark. Third, the INSIDER Portfolio itself, a systematic 20-stock gold miner portfolio rebalanced weekly.

Over the past couple of months, I've published three feature articles in the newsletter that go deep on each part. They include interviews with the original database guru and recent beta tester, Nigel Hughes. If you're new and want the full picture, here are the links.

The Portfolio

This is the part of INSIDER I'd point to first.

Every Monday morning, the system selects up to 20 top-scoring gold miners and posts them as a fully transparent portfolio, with entry prices, exit prices, holding periods, position sizing and commentary on every change. There’s also a complete trading summary back to 2020.

If you’re following a Min Risk approach on the Portfolio and it’s currently Bearish, then you’d be 100% in cash. You can follow the Portfolio precisely, or use it as a shortlist alongside your own research, or just watch it run.

It's the most actionable piece of the service. The signals tell you when. The rankings tell you what. The portfolio shows you both at the same time, on a list you can act on.

Some of you saw one snapshot of this in the April 5 piece - the October 2025 portfolio with 19 of 20 stocks in profit six months later.

Here are the Portfolio results for the past six complete years.

$10,000 starting capital in each portfolio from January 2020 to December 2025:

These are equal-weight positions opened at Monday's market open and held through the week. No leverage, no options, no shorting. Just systematic stock picks and systematic timing.

Over that six-year period, GDX had a peak-to-trough drawdown of 49.8%. The Min Risk portfolio's worst drawdown was only 24.1%. That's the other half of the story: Min Risk gave up some total return in exchange for cutting the worst decline by more than half, and yet still generated 2.5x the returns of just holding GDX.

Drawdown protection is absolutely critical when investing in mining stocks - historically one of the market’s most volatile sectors, which is why I personally use the Min Risk signals for my core holdings.

Full results, methodology notes, the current portfolio and the daily commentary are all accessible via the INSIDER Upgrade Page.

Why Now Beats After the Signal Turns

The easy thing is to wait. Wait until the miners are obviously moving again. Wait until everything looks unambiguously bullish.

I understand the instinct. I'd just point out what that actually looks like in practice.

When Min Risk turns bullish on Gold Miners again, subscribers will see it in the morning dashboard that same day. Non-subscribers don't see it at all. That's the whole point of a subscriber service. So waiting isn't timing the market. It's continuing to invest without a framework and hoping the timing works out.

Meanwhile, subscribers who join this week get to watch the system work through a live divergence, Max Return holding long while Min Risk sits defensive. That context, what the system does when the two signals disagree, is the most useful thing you can learn to prepare for the next big move. It's hard to pick up from a performance table alone.

The Founding Member Offer

I believe INSIDER is the most comprehensive way that anyone can navigate this precious metals bull market. But I also want to keep it accessible to most people. That's why the price is set at $497 per year. As promised, for the launch window, the founding member price is $397 per year - $100 off, as a thank you for being in at the beginning. The price applies to your first annual period. Once the window closes, it doesn't come back.

The founding member window closes at midnight Eastern on Sunday May 3. One week from today.

Everything is included at every pricing tier: signals across all five markets, the 230+ miner rankings, the full portfolio, daily commentary and proximity alerts. Monthly is $97. Quarterly is $177. Every plan carries a 14-day money-back guarantee with no conditions.

Join GoldBuzz INSIDER → goldbuzz.com/upgrade

Closing Thoughts

I didn't start building Theseus in 2020 to sell a newsletter. GoldBuzz wasn’t even a thought in my mind at the time. I built it because after watching the 2008-2011 bull market play out in real time, I knew I needed a system to guide me when the next one came. Four years of research, more than a year of live testing, and here it is.

A quick word for everyone not planning to upgrade. The free GoldBuzz newsletter isn't going anywhere. Tuesday, Thursday and Sunday mornings, same as always, with the same commentary and analysis I've been publishing since August. INSIDER is an add-on for readers who want the underlying system, not a replacement for what you're already getting. You're not missing out on the core GoldBuzz.

For those who do want the system, the doors are open. INSIDER is how I invest my own money, and today it's available to you too.

That’s all for this Sunday, folks! I’ll see you on Tuesday.

Before you go, please take a moment to rate today’s GoldBuzz and tell us how we did.

Rick Adams
Founder, GoldBuzz
rick@goldbuzz.com